topic Tax Year Prior to 2020: Documents need to be saved when I file standard deduction ? in After you file

Tax Year Prior to 2020: Documents need to be saved when I file standard deduction ?

aliva126 — Thu, 11 May 2023 17:48:55 GMT

What documents/paperwork need to be saved when standard deduction is taken?

Re: Documents need to be saved when I file standard deduction ?

Kat — Sat, 29 Feb 2020 00:53:49 GMT

You won't need to "prove" anything to the IRS is you're using the Standard Deduction. That's a given amount from the government. Support documentation is required, however, if you itemize your deductions and the IRS requests those documents.

Of course, you'll still save your W-2s, 1099's, etc. But you won't need any proof of personal deductible expenses.

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Re: Documents need to be saved when I file standard deduction ?

WKins2 — Sat, 29 Feb 2020 01:09:14 GMT

If you do not claim itemized deductions, technicality you do not need to save your tax documents like mortgage interest and charitable contributions. However, you should save any tax documents that are on your tax returns like your W-2's, 1099's and/or health insurance paperwork in case you are audited.